Vanguard narrows ETF gap with BlackRock

Investment advisory firm nets over $25B in first quarter of year

The Vanguard Group pulled in a net $25.7 billion into its exchange-traded funds (ETF) over the first quarter to best its biggest competitor Blackrock in totals since Jan. 1, etf.com reported.

The inflows were powered by $19.1 billion of investments into equity products.

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Data compiled by etf.com showed Vanguard’s fixed-income ETFs pulled in $6.6 billion during the quarter. The top asset-gathering fund was the Vanguard S&P 500 ETF, which brought in $4.5 billion over the same time.

BlackRock CEO Larry Fink

Larry Fink, Chairman and CEO of BlackRock, arrives at the DealBook Summit in New York City, on Nov. 30, 2022. (Reuters/David 'Dee' Delgado)

Ticker Security Last Change Change %
BLK BLACKROCK INC. 812.22 +4.51 +0.56%

Meanwhile, BlackRock’s iShares unit lost $500 million, Vanguard said. Despite the loss in revenue, iShares remains the largest ETF issuer with $2.3 trillion in assets across 384 U.S.-listed products. 

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Vanguard holds $2 trillion in assets across 82 of its U.S.-domiciled funds. 

In the first quarter of 2023, U.S.-listed ETFs fell 18% to $76.9 billion after reaching $91.1 billion over the first quarter of 2022. 

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